Regional Development Bank

OECD, EIB, CPI Discuss Improving Climate Finance Tracking in 2015 [viewed]

cpi-oecd-eib10 December 2014: The Organisation for Economic Co-operation and Development (OECD), the European Investment Bank (EIB) and the Climate Policy Initiative (CPI) jointly organized an informal meeting on climate finance tracking on the sidelines of the Lima Climate Change Conference. The meeting reflected on lessons learned from collaboration over the course of 2014, the challenges identified and important topics for discussion among practitioners in 2015.

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December 2014 Climate Finance Update [viewed]

Climate Finance Update19 December 2014: During December 2014, finance for climate change mitigation and adaptation projects was announced by the Asian Development Bank (ADB), the African Development Bank (AfDB), the Global Environment Facility (GEF), the Inter-American Development Bank (IDB) and the World Bank. Germany, Norway and the UK also reported on funding for projects to be undertaken in Africa, Asia and Latin America. The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the Climate Investment Funds (CIF), the GEF and IDB released climate-related publications.

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IDB Report Highlights Benefits of Green Market Guarantees [viewed]

IDBDecember 2014: The Inter-American Development Bank (IDB) has published a report highlighting the benefits of guarantees for green markets, including by responding to challenges of investing in low-carbon and climate-resilient technologies and activities in Latin America and the Caribbean (LAC). 'Guarantees for Green Markets: Potential and Challenges' underscores the important role that national development banks (NDBs) can play in structuring and funding credit-guarantee schemes for domestic markets, and their unique position and capacities to effectively design, implement and promote green market investments.

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Ethiopia Receives First ClimDev Africa Special Fund Grant [viewed]

AU UNECA AFDB15 December 2014: Ethiopia will receive US$1.1 million from the Climate for Development in Africa (Clim-Dev Africa) Special Fund (CDSF) to strengthen its climate information and early warning systems for climate resilient adaptation and development, making it the first African country to benefit from the CDSF.

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ECLAC, IDB, Peru Study the Economics of Climate Change in Peru [viewed]

eclac-idb10 December 2014: A joint study by the Peruvian Government, the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development Bank (IDB) predicts that the fishing, agriculture and livestock in the high Andes sectors will be the most affected by climate change in Peru in the coming years.

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COP 20 Africa Day Highlights African Concerns at Climate Negotiations [viewed]

limacop2010 December 2014: Africa Day at the Lima Climate Change Conference provided a platform and opportunity to critically examine the implications of the post-2015 climate change agreement for the continent and how to enhance the involvement of women and youth in climate change adaptation. The day included a high-level event on 'Africa in a Post-2015 New Climate Change Agreement.'

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KfW Launches Geothermal Facility for Latin America at COP 20 [viewed]

limacop208 December 2014: KfW Development Bank launched the Geothermal Development Facility (GDF) for Latin America on the margins of the Lima Climate Change Conference. The GDF, the first multi-donor climate initiative to promote geothermal resources on a continental scale, will provide at least US$75 million in grant-based risk mitigation instruments and US$1 billion in financing to geothermal projects in 10 Latin American countries.

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CIF Releases Semi-annual Report on FIP [viewed]

CIF19 November 2014: The Climate Investment Funds (CIF) has released its semi-annual operational report on the Forest Investment Program (FIP) highlighting the completion of the programming process in eight countries and announcing that US$595 million has been pledged by FIP.

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COP 20 Event Discusses Renewable Energy Development in Latin America [viewed]

limacop205 December 2014: Participants considered ways to maintain the momentum of renewable energy development at an event held on the margins of the Lima Climate Change Conference. The event, 'Renewables Globally and in Latin America: Opportunities and Challenges,' highlighted that the Latin American region is at the forefront of managing renewable energy development, as it currently maintains three times the global average share of renewable energy in its energy mix.

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ADB Launches Service to Connect Clean Technology Buyers and Sellers [viewed]

ADB4 December 2014: The Asian Development Bank (ADB) has announced a "first-of-its-kind" service that will link low-carbon technology sellers with interested buyers in the Asian region. In its pilot phase, the 'IPEx Cleantech Asia' marketplace is expected to broker transactions worth approximately US$2-5 million, focusing on clean energy and energy efficiency technologies.

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